PARRIS N. GLENDENING, Governor

Ch. 724

8-303.

ONE OR MORE SHAREHOLDERS OF A REAL ESTATE INVESTMENT TRUST MAY
CONFER THE RIGHT TO VOTE OR OTHERWISE REPRESENT THEIR SHARES TO A
TRUSTEE BY:

(1)     ENTERING INTO A WRITTEN VOTING TRUST AGREEMENT WHICH
SPECIFIES THE TERMS AND CONDITIONS OF THE VOTING TRUST;

(2)     DEPOSITING AN EXECUTED COPY OF THE AGREEMENT WITH THE
REAL ESTATE INVESTMENT TRUST AT ITS PRINCIPAL OFFICE; AND

(3)     TRANSFERRING THEIR SHARES FOR PURPOSES OF THE AGREEMENT
TO A TRUSTEE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved May 22, 1997.

CHAPTER 724

(House Bill 1136)

AN ACT concerning

Baltimore City - Alcoholic Beverages
(Baltimore Wine Festival Issuance and Transfer of licenses)

FOR the purpose of creating a Baltimore Wine Festival in Baltimore City; creating a
special alcoholic beverages license for the Festival; limiting the license to the sale
and display of wine that is produced and processed in Maryland; providing for the
qualifications of an applicant and the scope of the license; providing a time period
for the Festival; mandating that the Baltimore City Board of License Commissioners
adopt regulations regarding the implementation of this Act; and generally relating
to alcoholic beverages in Baltimore City, creating a Baltimore Wine Festival in
Baltimore City; creating a special alcoholic beverages license for the Festival; limiting the
license to the sale and display of wine that is produced and processed in Maryland;
providing for the qualifications of an applicant and the scope of the license; providing a
time period for the Festival; requiring the Board of License Commissioners for Baltimore
City to send a certain notice to all community groups located within a certain distance
from the proposed location of the Festival; requiring a community group to notify the
Board of its support of or objection to the proposed location of the Festival within a
certain period of time, requiring the Board to consider certain information before issuing
a license for the Festival; authorizing an applicant to reapply for a license for the Festival
under certain circumstances; authorizing the Board to select a certain weekend for the
Festival; prohibiting the Board from issuing a license for the Festival for use in a certain
election district; requiring the Board to adopt certain regulations; prohibiting the
issuance of certain alcoholic beverages licenses in certain areas of Baltimore City;
prohibiting the transfer of certain alcoholic beverages licenses within certain areas of

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